Crocs, Inc. (CROX) Trades at New 52-Week High


In the market the company is trading up by 3.48 percent from yesterday’s close. Company chares are trading at $9.21 which is significantly higher than the 50 day moving average which is $7.82 and significantly higher than the 200 day moving average of $7.01. The 50 day moving average moved up $1.39 and the 200 day average was up $2.20.

Crocs, Inc., launched on April 15, 2005, is involved in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Business’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. Its Croslite material enables the Company to produce non-marking, and odor-resistant footwear. As of December 31, 2016, the Company sold its products in over 90 countries through domestic and international retailers and distributors, and directly to consumers through its company-operated retail stores, outlets, e-commerce store sites and kiosks. The Business’s sales channels include wholesale, which includes distributors, Crocs owned retail and Crocs e-commerce..

These firms have also modified their investment in CROX. Dimensional Fund Advisors Lp expanded its position by buying 937,111 shares an increase of 36.1% as of 06/30/2017. Dimensional Fund Advisors Lp currently owns 3,532,024 shares with a value of $27,232,000. The total value of its holdings increased 48.4%. Renaissance Technologies LLC added to its investment by buying 388,074 shares an increase of 18.2% in the quarter. Renaissance Technologies LLC controls 2,515,710 shares valued at $19,396,000. The value of the position overall is up by 28.9%.

North Run Capital, Lp grew its holdings by buying 82,800 shares an increase of 7.4%. North Run Capital, Lp now holds 1,207,800 shares worth $9,312,000. The total value of its holdings increased 17.1%. As of the end of the quarter California Public Employees Retirement System had sold 20,400 shares trimming its holdings by 4.5%. The value of the company’s investment in Crocs, Inc. went from $3,182,000 to $3,313,000 increasing 4.1% since the last quarter.

In the last earnings report the EPS was $-0.34 and is estimated to be $-0.03 for the current year with 73,953,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.35 and the next full year EPS is projected to be $0.25.